TOYOTA : still a myth you can't undo?

STRESS TEST : 10 US banks amongst the 19 checked are to find some 75 bn USD extra to improve their solvency. Despite yesterday’s correction, futures are in positive territory, a sign that this serious challenge is behind us.

VIX : indicates that markets might go through a correction in the near future, at least some fear so.

OIL : in great shape. At this tempo, inflation might become a serious concern again for Mr Trichet and Bernanke. Both will certainly have to fulfil a nice task in the coming months (year?)

TOYOTA : still a myth you can’t undo? The Japanese car maker anticipates a second annual loss as sales are falling off a cliff. Small cars suffer as much as other segments

VIX is down further at 33.4. Gold is up at 916.4 USD per oz and the oil price (BRENT CRUDE SPOT) is up at 57.3 USD. The USD is down against the EUR at 1.34. 10-2 years spread is at 1.83. The 5y CMS stands at 2.77 and the 3y at 2.16.

 

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